The Asia Pacific Banking News Networkhttp://www.apbankers.net/
Sat, 10 Dec 2016 02:57:31 GMTpart of MediaG8way Grouphttp://www.apbankers.net/
http://www.apbankers.net/assets/images/logo.pngThe Asia Pacific Banking News NetworkKohanaPHPJho Low Family Digs in to Stop 1MDB Asset Seizure by U.S.News Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32835/jho-low-family-digs-in-to-stop-1mdb-asset-seizure-by-us
The Justice Department is targeting real estate, investments and art works that were allegedly bought with money siphoned off from the state-owned investment and development fund known as 1MDB.Wealth and Asset ManagementSwiss private bank to close Hong Kong operationsNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32850/swiss-private-bank-to-close-hong-kong-operations
&quot;This is part of a return to Europe strategy due to rising cost pressures,&quot; said one of the people familiar with the matter who declined to be named.Wealth and Asset ManagementEFG International to cut up to 450 jobs as part of BSI integrationNews TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32855/efg-international-to-cut-up-to-450-jobs-as-part-of-bsi-integration
In an analyst and investor call today at 9.30 am CET, EFG International will provide an update on the integration of BSI, including further information on the planned strategy and ambitions of the combined group and the revised synergy potential. Wealth and Asset ManagementClass Action: Why Philanthropists are going back to schoolNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32821/class-action-why-philanthropists-are-going-back-to-school
Instead, formal education provision across the world remains patchy.Wealth and Asset ManagementABN Amro to Sell $20 Billion of Asia, Middle East Banking AssetsNews TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32830/abn-amro-to-sell-20-billion-of-asia-middle-east-banking-assets
LGT is a leading international private banking and asset management group. Wealth and Asset ManagementJust over half of HNWI assets are in discretionary mandates News Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32805/just-over-half-of-hnwi-assets-are-in-discretionary-mandates
Wealth managers in developed markets have started to lean towards the view that digital players no longer compete only for execution only businessWealth and Asset ManagementNetwealth partners for new private labelNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32807/netwealth-partners-for-new-private-label
The feedback from our clients to date has been extremely positive, particularly around our ability to react quickly to changing market conditions and to better manage downside risk.Wealth and Asset ManagementHSBC to accelerate hiring in China next year, defying challengesNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32809/hsbc-to-accelerate-hiring-in-china-next-year-defying-challenges
HSBC is starting its credit-card business in China on Monday after receiving regulatory approval to issue cards by itself, having previously done so in partnership with Bank of Communications Co. Wealth and Asset ManagementFinding a niche in Asian asset managementNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32811/finding-a-niche-in-asian-asset-management
The big challenge for providers is coming up with funds that embody good ideas. Wealth and Asset ManagementRichest 1% Indians possess 58% moneyNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32813/richest-1-indians-possess-58-money
Credit Suisse has been publishing the report every year for last five years.Wealth and Asset ManagementThe Private Wealth Management Association appoints new MDNews TeamFriday, December 09, 2016 12:00 amhttp://www.apbankers.net/article/32854/the-private-wealth-management-association-appoints-new-md
The PWMA would like to thank Joanne for the support, efforts and contributions she has provided during her tenure as Managing Director of the Association.Executive MovesMyer Family Company boots wealth armNews Aggregation TeamFriday, December 09, 2016 12:00 amhttp://www.apbankers.net/article/32856/myer-family-company-boots-wealth-arm
New Appointment for Myer Family CompanyExecutive MovesSGX names fixed income biz leaderNews TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32822/sgx-names-fixed-income-biz-leader
He has also served as the head of Asia Pacific Debt Capital Markets at Bank of America Merrill Lynch and spent about nine years with Deutsche Bank AG in Hong Kong where he was both Head of Fixed Income Capital Markets and Head of Asia Leveraged Debt CapitExecutive MovesTwo special counsel welcomed at Hall &amp; WilcoxNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32800/two-special-counsel-welcomed-at-hall-ampamp-wilcox
We are seeing a significant increase in clients looking for specialist help with their personal estate planning and it is great to have James and Eileen in the team to help meet this need.Executive MovesVFMC COO jumps ship to new GSAM companyNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32808/vfmc-coo-jumps-ship-to-new-gsam-company
He held multiple senior roles there, including chief operating officer and chief finance officer across different business lines including operations, technology, legal and human resources.Executive MovesANZ appoints sustainable headNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32774/anz-appoints-sustainable-head
ANZ New Head Of Sustainable Finance Solutions Team, Appointed Executive MovesElizabeth Lenz Announce Latest Senior Portfolio Manager PromotionNews TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32760/elizabeth-lenz-announce-latest-senior-portfolio-manager-promotion
He will have overall responsibility for managing customers&rsquo; funds and portfolios together with the more than 100 employees in the firm&rsquo;s Tokyo headquarters.Executive MovesChallenger distribution chief departs for start-up roleNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32777/challenger-distribution-chief-departs-for-start-up-role
He has a strong track record of driving the Challenger Life business and is well-positioned to maintain Challenger&#039;s distribution and marketing momentum.Executive MovesEscala Partners lures Deutsche Bank private bankersNews Aggregation TeamThursday, December 01, 2016 12:00 amhttp://www.apbankers.net/article/32765/escala-partners-lures-deutsche-bank-private-bankers
Rivals are seeking to get their hands on Deutsche&#039;s funds under management of just under $2.5 billion.Executive MovesDeutsche Bank Makes Senior Wealth Appointment in Hong KongNews Aggregation TeamThursday, December 01, 2016 12:00 amhttp://www.apbankers.net/article/32769/deutsche-bank-makes-senior-wealth-appointment-in-hong-kong
North Asia Wealth Management Head For Deutsche Bank, Announced Executive MovesAppleby&#039;s Corporate Activities in NovemberNews TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32840/applebyamp039s-corporate-activities-in-november
Appleby also acted for Mengke Holdings Limited in its listing on the Main Board on 25 November.Legal, Regulation & ComplianceChinese Fund Manager Pleads Guilty to Stock-Manipulation ChargesNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32846/chinese-fund-manager-pleads-guilty-to-stock-manipulation-charges
Zexi Investment founder was arrested in November 2015Legal, Regulation & ComplianceKPMG, Deloitte and EY turn into one stop legal shopsNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32851/kpmg-deloitte-and-ey-turn-into-one-stop-legal-shops
Legal practices in the big four accounting firms are gaining traction with a doubling in team sizesLegal, Regulation & ComplianceOffshore holding linked to ministerNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32858/offshore-holding-linked-to-minister
The Government of any country should ensure that none of their senior cabinet members are investing in such a controversial businessLegal, Regulation & CompliancePanama pleas: PTI hurls barrage of allegations at PM Nawaz including tax evasionNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32824/panama-pleas-pti-hurls-barrage-of-allegations-at-pm-nawaz-including-tax-evasion
Expressing his views over an application filed by Jamaat-e-Islami for formation of judicial commission, he said that the apex court could explore any option.Legal, Regulation & ComplianceJapan&rsquo;s Kanto Bureau Adds FXGlobe and Tradeview Markets to its Warning ListNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32826/japanamprsquos-kanto-bureau-adds-fxglobe-and-tradeview-markets-to-its-warning-list
The watchdog has added a further two forex brokerages to its warning list for contravening its rules and regulations.Legal, Regulation & ComplianceBMW to pay A$77m for irresponsible lending in AustraliaNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32836/bmw-to-pay-a77m-for-irresponsible-lending-in-australia
The lion&#039;s share of the sum, at A$50 million, will go toward the write-off of loans. Legal, Regulation & ComplianceDemonetisation: ED arrests 2 bank managers for launderingNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32817/demonetisation-ed-arrests-2-bank-managers-for-laundering
Axis Bank said it has suspended the officials concerned. Legal, Regulation & ComplianceHong Kong SFC and Swiss Regulator Conclude CooperationNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32819/hong-kong-sfc-and-swiss-regulator-conclude-cooperation
This agreement gives Swiss fund managers access to an important financial centre. Legal, Regulation & ComplianceCRS questions on the minds of Chinese clients and corporatesNews TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32820/crs-questions-on-the-minds-of-chinese-clients-and-corporates
Some of the key issues practitioners are looking to address ahead of the moves towards global transparency relate specifically to concerns around data protection and correct reporting procedures.Legal, Regulation & ComplianceHKMA and UKs FCA enter cooperation agreement to foster fintechNews TeamFriday, December 09, 2016 12:00 amhttp://www.apbankers.net/article/32848/hkma-and-uks-fca-enter-cooperation-agreement-to-foster-fintech
The FCA and the HKMA have entered into a Co-operation Agreement to foster collaboration in promoting financial innovation.FinTechStellar Partners ICICI Bank, Enables Blockchain Money Transfers in India, Africa and PhilippinesNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32842/stellar-partners-icici-bank-enables-blockchain-money-transfers-in-india-africa-and-philippines
The new partnerships could have a telling and timely impact, particularly in India, a country still trying to find its feet following an unprecedented cash-freeze due to its government&rsquo;s recent demonetization drive.FinTechEuropean Central Bank &amp; Japan&rsquo;s Central Bank Partner for Blockchain ResearchNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32845/european-central-bank-ampamp-japanamprsquos-central-bank-partner-for-blockchain-research
European Central Bank &amp; Japan&rsquo;s Central Bank agreed to launch a joint research project which studies the possible use of DLT for market infrastructureFinTechMumbai and Tel Aviv are the rising financial centres as power shifts from the West, says Barclays chiefNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32804/mumbai-and-tel-aviv-are-the-rising-financial-centres-as-power-shifts-from-the-west-says-barclays-chief
India, Singapore or Israel could be the financial technology capital of the future FinTechANZ has little time for robo-adviceNews Aggregation TeamThursday, December 01, 2016 12:00 amhttp://www.apbankers.net/article/32757/anz-has-little-time-for-robo-advice
We have looked into robo-advice, and I do think there is a role for it now and in the future.FinTechMyState Bank launches enhanced Internet banking and mobile banking appsNews TeamWednesday, November 30, 2016 12:00 amhttp://www.apbankers.net/article/32732/mystate-bank-launches-enhanced-internet-banking-and-mobile-banking-apps
The launch was another major step in MyState&rsquo;s ongoing digital transformationFinTechOurCrowd Opens Singapore Office, Appoints Denes Ban Managing Partner AsiaNews TeamTuesday, November 29, 2016 12:00 amhttp://www.apbankers.net/article/32720/ourcrowd-opens-singapore-office-appoints-denes-ban-managing-partner-asia
OurCrowd also partnered with UOB and KPMG to organize a pitch fever session at the Festival for entrepreneurs, corporate partners and investors.FinTechBrunei&#039;s largest bank signs deal with RamcoNews TeamMonday, November 28, 2016 12:00 amhttp://www.apbankers.net/article/32708/bruneiamp039s-largest-bank-signs-deal-with-ramco
The partnership marks Ramco&#039;s entry into Brunei and strengthening of presence in South East Asia.FinTechAsian, African Banks are attacked using zero-day vulnerabilityNews Aggregation TeamThursday, November 24, 2016 12:00 amhttp://www.apbankers.net/article/32680/asian-african-banks-are-attacked-using-zero-day-vulnerability
The total number of InPage users is almost 2 million worldwide.FinTechME Bank launches new internet banking service with Sandstone TechnologyNews Aggregation TeamWednesday, November 23, 2016 12:00 amhttp://www.apbankers.net/article/32635/me-bank-launches-new-internet-banking-service-with-sandstone-technology
As a Digital bank, ME has to deliver a great online experience FinTechCBRE&rsquo;s Santos to form new agency with Knight FrankNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32839/cbreamprsquos-santos-to-form-new-agency-with-knight-frank
The real estate veteran said the new brand would help his existing real estate business grow even further.Alternative InvestmentsChina one step closer to investing up to $290 bln in pension funds in marketsNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32841/china-one-step-closer-to-investing-up-to-290-bln-in-pension-funds-in-markets
But initial investment would be limited in the short-term and is not expected to have a significant impact on the stock market.Alternative InvestmentsBain, CDPQ Rush to Help Lenders Clear $120 Billion Bad DebtNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32844/bain-cdpq-rush-to-help-lenders-clear-120-billion-bad-debt
Bain Capital Credit says policy makers have made changes that will allow investors like itself to buy distressed loans from banks and provide them liquidity. Alternative InvestmentsHarrier Human Capital Acquires Australian Executive Search FirmNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32853/harrier-human-capital-acquires-australian-executive-search-firm
Harrier delivers business improvement through human capital by providing recruitment, strategic HR consulting and recruitment process outsourcing across Australia and Asia Pacific.Alternative InvestmentsAMP&#039;s China JV snaps up role in China pension fund investment spreeNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32857/ampamp039s-china-jv-snaps-up-role-in-china-pension-fund-investment-spree
The National Council for Social Security Fund (NCSSF) is in charge of managing the pension funds on behalf of provincial governments Alternative InvestmentsNSSF appoints 21 external fund managersNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32860/nssf-appoints-21-external-fund-managers
Established in 2000, the NSSF was initially formed to oversee the country&rsquo;s supplementary pension Social Security FundAlternative InvestmentsWestpac and NAB lift rates on investorsNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32823/westpac-and-nab-lift-rates-on-investors
NAB also has $135bn of mortgages to owner-occupiers, &shy;according to the regulator&rsquo;s most recent data, making it the fourth largest home loan lender by market share, just behind ANZ but well behind leaders Commonwealth Bank and Westpac.Alternative InvestmentsLondon Stock Exchange Opens New Tech Hub in Sri LankaNews TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32825/london-stock-exchange-opens-new-tech-hub-in-sri-lanka
A new tech hub will be unveiled in Sri Lanka, helping solidify LSEG&#039;s position in the region.Alternative InvestmentsE Fund HK Named &#039;Best Alternative Manager&#039; News TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32827/e-fund-hk-named-amp039best-alternative-manageramp039
E Fund HK is honoured to be conferred the Best Alternative Manager title from amongst various Chinese firmsAlternative InvestmentsNew models needed for Hong Kong&#039;s new insurance gameNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32829/new-models-needed-for-hong-kongamp039s-new-insurance-game
The application of the principles has however resulted in some inconsistencies across these two product sectors, including the area of disclosure.Alternative InvestmentsSaudi, UAE, Malaysia largest Islamic banking markets: EY ReportNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32828/saudi-uae-malaysia-largest-islamic-banking-markets-ey-report
The demand for a responsible, Sharia compliant financial system is huge Islamic FinanceTrillions of dollars from Gulf to enter India through Islamic banking: ICIFNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32766/trillions-of-dollars-from-gulf-to-enter-india-through-islamic-banking-icif
He said no amendments would be required in the existing Act for introduction of Islamic banking and a notification by the Centre would suffice.Islamic FinanceSECP chairman inaugurates Islamic Financing facility centre in RawalpindiNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32776/secp-chairman-inaugurates-islamic-financing-facility-centre-in-rawalpindi
They will provide micro-financing to the customers at cheaper rate ranging between 20 to 25%, as against the prevalent market rates of 40 to 45%.Islamic FinanceGovernment May Announce Islamic Banking Norms News Aggregation TeamTuesday, November 22, 2016 12:00 amhttp://www.apbankers.net/article/32621/government-may-announce-islamic-banking-norms
Islamic banking is based on an interest free principle in line with Islam&#039;s ban on usury; RBI has proposed opening of &#039;Islamic window&#039; in conventional banksIslamic FinanceMirae launches first-sharia compliant fundNews Aggregation TeamTuesday, November 22, 2016 12:00 amhttp://www.apbankers.net/article/32628/mirae-launches-first-sharia-compliant-fund
The Mirae Asset Islamic Asia Sector Leader Equity fund is the group&rsquo;s first sharia-compliant product.Islamic FinanceSME financing by Islamic banksNews Aggregation TeamMonday, November 21, 2016 12:00 amhttp://www.apbankers.net/article/32596/sme-financing-by-islamic-banks
The conventional banking system has done little to satisfy the borrowing needs of SMEs, thereby making way for Islamic banks to fill the gap.Islamic FinanceCentral bank cuts SLR to 14 percent for Islamic banksNews Aggregation TeamWednesday, November 16, 2016 12:00 amhttp://www.apbankers.net/article/32512/central-bank-cuts-slr-to-14-percent-for-islamic-banks
But the sector still lacks some of the money market instruments available to conventional lenders.Islamic FinanceChina Islamic Bond Push Renews as Global-Focused Funds QuadrupleNews Aggregation TeamWednesday, November 09, 2016 12:00 amhttp://www.apbankers.net/article/32375/china-islamic-bond-push-renews-as-global-focused-funds-quadruple
Sichuan Development Financial Leasing Co. plans to sell $300 million of Islamic bonds Islamic FinanceMalaysia maintains global lead is Islamic capital market says Securities Commission MalaysiaNews Aggregation TeamTuesday, November 01, 2016 12:00 amhttp://www.apbankers.net/article/32194/malaysia-maintains-global-lead-is-islamic-capital-market-says-securities-commission-malaysia
The SC will continue its efforts towards greater internationalisation of the ICM, particularly the fund and wealth management segment.Islamic Finance5 Minda coops&#039; assets hike from P1M to P10MNews Aggregation TeamFriday, October 28, 2016 12:00 amhttp://www.apbankers.net/article/32128/5-minda-coopsamp039-assets-hike-from-p1m-to-p10m
Islamic Micro Finance is one of the current projects of Al Qalam Institute. Islamic FinanceSMBC eyes Mexican expansion focused on lending, leasingNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32816/smbc-eyes-mexican-expansion-focused-on-lending-leasing
Japanese banks expect no slowdown there despite Trump election winInvestment BankingMacquarie Group&#039;s deal pipeline in focusNews Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32793/macquarie-groupamp039s-deal-pipeline-in-focus
What is focusing the minds of investors and analysts is that Macquarie-led groups have been labelled the front-runners in two large auctions in Britain. Investment BankingSBI merger with its associates to result in consolidation of GCC operationsNews Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32798/sbi-merger-with-its-associates-to-result-in-consolidation-of-gcc-operations
The detailed merger plan, including financial implications, are being vetted by the Reserve Bank of IndiaInvestment BankingEconomists divided on rates directionNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32780/economists-divided-on-rates-direction
But not everyone holds that view.Investment BankingToday, Westpac Banking Corp. Upgrade to hold at The Zacks Investment ResearchNews Aggregation TeamMonday, November 28, 2016 12:00 amhttp://www.apbankers.net/article/32692/today-westpac-banking-corp-upgrade-to-hold-at-the-zacks-investment-research
The firm also recently announced a dividend, which will be paid on Tuesday, January 3rd. Investment BankingAustralian banks admit to Malaysia currency cartel, pay finesNews Aggregation TeamSunday, November 27, 2016 12:00 amhttp://www.apbankers.net/article/32699/australian-banks-admit-to-malaysia-currency-cartel-pay-fines
The admission may provide further ammunition for a recent Malaysian government crackdown on foreign banksInvestment BankingCorrected - Malaysia&#039;s Maybank Q3 profit falls 5.4 pct on tax chargesNews Aggregation TeamFriday, November 25, 2016 12:00 amhttp://www.apbankers.net/article/32683/corrected-malaysiaamp039s-maybank-q3-profit-falls-54-pct-on-tax-charges
Net interest income for the quarter declined 2.4 percent to 2.83 billion ringgit.Investment BankingBNP Paribas completes acquisition of SharekhanNews Aggregation TeamFriday, November 25, 2016 12:00 amhttp://www.apbankers.net/article/32685/bnp-paribas-completes-acquisition-of-sharekhan
Sharekhan has become a subsidiary of BNP ParibasInvestment BankingOCBC establishes US$10b global covered bond programmeNews Aggregation TeamThursday, November 24, 2016 12:00 amhttp://www.apbankers.net/article/32673/ocbc-establishes-us10b-global-covered-bond-programme
Net proceeds from the issue of each tranche will be used by OCBC for general corporate purposes.Investment BankingWhich Singapore bank will be hit the hardest by USD strength?News Aggregation TeamThursday, November 24, 2016 12:00 amhttp://www.apbankers.net/article/32674/which-singapore-bank-will-be-hit-the-hardest-by-usd-strength
We assume there are no major systemic risks in the financial system. Investment BankingSingapore stresses under a wealth of worriesNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32833/singapore-stresses-under-a-wealth-of-worries
The Lion City is heading for a recession, or two straight quarters of economic contraction, after the trade-reliant economy shrank 2% in the July-September quarter. Overall this year, the government reckons growth will be no faster than 1.5%.InvestmentViewAMP&rsquo;s Craig Meller under pressure as execs goNews Aggregation TeamWednesday, November 30, 2016 12:00 amhttp://www.apbankers.net/article/32735/ampamprsquos-craig-meller-under-pressure-as-execs-go
A surge in life insurance claims forced the company to reveal $1.2 billion worth of losses and writedowns last month, sharply increasing the pressure on Mr Meller to lift cashflows across the group.InvestmentViewStandard Life Investments - On the reflation runway?News TeamWednesday, November 30, 2016 12:00 amhttp://www.apbankers.net/article/32733/standard-life-investments-on-the-reflation-runway
Our forecasts reflect this optical improvement, with developed market price growth expected to accelerate to 1.7% next year. Does this mean that we are at the end of the lowflation scare?InvestmentViewPhilippines good at frustrating foreign investors &ndash; MAPNews Aggregation TeamTuesday, November 29, 2016 12:00 amhttp://www.apbankers.net/article/32710/philippines-good-at-frustrating-foreign-investors-ampndash-map
MAP official lauded the current administration&rsquo;s effort to relax constitutional restriction on foreign investmentsInvestmentViewPrem&nbsp;Watsa&shy;owned&nbsp;Fairfax&nbsp;Financial Holdings&nbsp;close&nbsp;to&nbsp;picking&nbsp;up&nbsp;controlling stake&nbsp;in&nbsp;Catholic&nbsp;Syrian&nbsp;BankNews Aggregation TeamTuesday, November 29, 2016 12:00 amhttp://www.apbankers.net/article/32711/premampnbspwatsaampshyownedampnbspfairfaxampnbspfinancial-holdingsampnbspcloseampnbsptoampnbsppickingampnbspupampnbspcontrolling-stakeampnbspinampnbspcatholicampnbspsyrianampnbspbank
The&nbsp;sources&nbsp;cited&nbsp;said&nbsp;Fairfax&nbsp;is&nbsp;likely&nbsp;to&nbsp;have 15%&nbsp;voting&nbsp;rights&nbsp;in&nbsp;CSB.&nbsp;InvestmentViewIE Singapore-UOB join hands to help local firms in trade and internationalisationNews Aggregation TeamThursday, November 24, 2016 12:00 amhttp://www.apbankers.net/article/32677/ie-singapore-uob-join-hands-to-help-local-firms-in-trade-and-internationalisation
It taps on the rising potential of Asean, where intra-regional trade almost doubled to US$600 billion (S$854.1 billion) in 2015.InvestmentViewWealth management is and always has been a relationship businessNews TeamTuesday, November 15, 2016 12:00 amhttp://www.apbankers.net/article/32499/wealth-management-is-and-always-has-been-a-relationship-business
Honest, profound and thought-provokingInvestmentViewSuncorp CFO says financial services disenfranchisedNews Aggregation TeamFriday, November 11, 2016 12:00 amhttp://www.apbankers.net/article/32426/suncorp-cfo-says-financial-services-disenfranchised
Do you think disruptors, start-ups and entrepreneurs factor political uncertainty into their risk appetite? InvestmentViewWealth management industry is ripe for disruption by Craig HannaCraig HannaTuesday, October 11, 2016 12:00 amhttp://www.apbankers.net/article/31817/wealth-management-industry-is-ripe-for-disruption-by-craig-hanna
It&rsquo;s widely accepted, in both technology and financial services circles, that the wealth management sector lags behind other financial services sectors when it comes to embracing Fintech and Innovation. But now it&rsquo;s becoming urgent.InvestmentViewSwiss Bank That &rsquo;Discovered&rsquo; U.S. Picks China Over Weak EuropeNews Aggregation TeamMonday, October 10, 2016 12:00 amhttp://www.apbankers.net/article/31766/swiss-bank-that-amprsquodiscoveredamprsquo-us-picks-china-over-weak-europe
Europe is facing at least another decade of ultra low interest ratesInvestmentViewChinese investors seek permission to acquire indirect holding in Croatia&#039;s Vaba BankaNews Aggregation TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32834/chinese-investors-seek-permission-to-acquire-indirect-holding-in-croatiaamp039s-vaba-banka
Via this transaction, the Chinese firms have become indirect shareholders in Vaba Banka.Retail BankingIndia&#039;s SBI to bolster operations in GCCNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32802/indiaamp039s-sbi-to-bolster-operations-in-gcc
SBI already has one branch in Muscat, two in Bahrain and one in Jeddah.Retail BankingJMR Infotech bags 1 year core banking managed services deal from Myanma Apex BankNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32815/jmr-infotech-bags-1-year-core-banking-managed-services-deal-from-myanma-apex-bank
JMR brings superior expertise in running, managing and growing the technology landscape at top banks and financial service organizations. Retail BankingChina banking giant offers SME matchmakingNews TeamWednesday, November 30, 2016 12:00 amhttp://www.apbankers.net/article/32742/china-banking-giant-offers-sme-matchmaking
BOC&rsquo;s matchmaking service overturns the traditional mode for inviting investments but adopts an innovative one-to-one or one-to-more negotiation and connection.Retail BankingAll bank ATMs will be recalibrated by Nov. 30News Aggregation TeamMonday, November 28, 2016 12:00 amhttp://www.apbankers.net/article/32695/all-bank-atms-will-be-recalibrated-by-nov-30
An industry official said more than 60 per cent of teller machines have been recalibrated to dispense new notes.Retail BankingMaking P2P firm globally respectedNews Aggregation TeamMonday, November 28, 2016 12:00 amhttp://www.apbankers.net/article/32709/making-p2p-firm-globally-respected
His determination to take CreditEase global stems from his education and working background.Retail BankingICICI Bank UK PLC Launches &#039;Money2India Europe&#039; in Sweden, Norway and DenmarkNews TeamMonday, November 21, 2016 12:00 amhttp://www.apbankers.net/article/32604/icici-bank-uk-plc-launches-amp039money2india-europeamp039-in-sweden-norway-and-denmark
It is completely online and can be completedwithin 5 minutes. Retail BankingCiti&rsquo;s Australian bank branches go cashlessNews Aggregation TeamWednesday, November 16, 2016 12:00 amhttp://www.apbankers.net/article/32510/citiamprsquos-australian-bank-branches-go-cashless
Citi&rsquo;s six branches in Australia will no longer hold cash.Retail BankingBBL, Al Baraka Bank (Pakistan) merge operationsNews Aggregation TeamThursday, November 10, 2016 12:00 amhttp://www.apbankers.net/article/32397/bbl-al-baraka-bank-pakistan-merge-operations
The merger between ABPL &amp; BBL is part of the group&#039;s strategy to expand its reach in Pakistan and strengthen the global footprint of Islamic FinanceRetail BankingICICI Bank to waive off ATM transaction charges till month end among other measuresNews Aggregation TeamThursday, November 10, 2016 12:00 amhttp://www.apbankers.net/article/32399/icici-bank-to-waive-off-atm-transaction-charges-till-month-end-among-other-measures
ICICI Bank has come out with measures to help customers exchange the demonetized notes at its branches across the countryRetail BankingBRICS nations vow to automatic sharing of tax informationNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32838/brics-nations-vow-to-automatic-sharing-of-tax-information
The 5-nation bloc expressed their continued support to all international initiatives towards reaching a globally fair and universally transparent tax system.TaxProtocol Of Singapore-Russia Avoidance Of Double Taxation Agreement Enter Into ForceNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32843/protocol-of-singapore-russia-avoidance-of-double-taxation-agreement-enter-into-force
The changes are expected to enhance trade and investment flows between the two countriesTax182 Pakistanis named in Panama leaks untraceableNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32859/182-pakistanis-named-in-panama-leaks-untraceable
Intelligence and Investigation Directorate is struggling to ascertain exact identities of some 182 of these PakistanisTaxCayman Islands: Common Reporting Standard: Implementation In Asia News Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32812/cayman-islands-common-reporting-standard-implementation-in-asia
This information will then be exchanged amongst the participating jurisdictions.TaxIndonesia&#039;s Richest Take Advantage Of AmnestyNews Aggregation TeamFriday, December 02, 2016 12:00 amhttp://www.apbankers.net/article/32763/indonesiaamp039s-richest-take-advantage-of-amnesty
Among the most notable participants were a number of Indonesian rich-listers. TaxTax revenues continue to rise, but scope remains for increased tax mobilisation in emerging Southeast Asian economiesNews TeamWednesday, November 30, 2016 12:00 amhttp://www.apbankers.net/article/32734/tax-revenues-continue-to-rise-but-scope-remains-for-increased-tax-mobilisation-in-emerging-southeast-asian-economies
Levels of tax revenues among the six Asian countries ranged from 12.2% of GDP in Indonesia to 32% in Japan in 2014. The tax-to-GDP ratio in Japan, Korea, the Philippines and Singapore increased while it decreased slightly in Indonesia and Malaysia in 2014TaxCabinet nod to revise India-New Zealand double tax avoidance pactNews Aggregation TeamThursday, November 24, 2016 12:00 amhttp://www.apbankers.net/article/32660/cabinet-nod-to-revise-india-new-zealand-double-tax-avoidance-pact
The Convention between India and New Zealand came into force on December 3, 1986. It was amended in 1997 through a first protocol and in 2000 through a second protocol.TaxIndian Swiss bank account holders may shift to other tax havensNews Aggregation TeamWednesday, November 23, 2016 12:00 amhttp://www.apbankers.net/article/32642/indian-swiss-bank-account-holders-may-shift-to-other-tax-havens
Switzerland has to share bank details from 2018 which gives most account holders enough time to plan their move to another tax havenTaxAIF norms: Sebi panel led by Narayana Murthy submits second reportNews Aggregation TeamFriday, November 18, 2016 12:00 amhttp://www.apbankers.net/article/32569/aif-norms-sebi-panel-led-by-narayana-murthy-submits-second-report
Report follows up on several of the key recommendations that were submitted the first time aroundTaxFEC approves bilateral tax agreement between Nigeria, SingaporeNews Aggregation TeamThursday, November 17, 2016 12:00 amhttp://www.apbankers.net/article/32552/fec-approves-bilateral-tax-agreement-between-nigeria-singapore
She said it would succeed by ensuring that nationals or enterprises were not taxed twice on income or profits derived from each of the countries.TaxSalary Increase and Bonuses Growth Expected to SlowNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32837/salary-increase-and-bonuses-growth-expected-to-slow
Singapore is set to increase pay by 3.5%, but its deflation will mean higher growth in real wage when compared to Hong Kong and Mainland China. Comment, Analysis & ResearchSingapore stresses under a wealth of worriesNews Aggregation TeamThursday, December 08, 2016 12:00 amhttp://www.apbankers.net/article/32849/singapore-stresses-under-a-wealth-of-worries
Prime minister Lee Hsien Loong admits low growth may be the &quot;new normal&quot;.Comment, Analysis & ResearchStandard &amp; Poor&rsquo;s raises MyState Bank ratingNews TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32831/standard-ampamp-pooramprsquos-raises-mystate-bank-rating
In its report, S&amp;P noted that &ldquo;Tasmania-based MyState Bank&rsquo;s continuing evolution of its risk management practices in recent years has resulted in an improved risk profile for the bank&rdquo;Comment, Analysis & ResearchQuiet strength - Standard Life InvestmentsNews TeamWednesday, December 07, 2016 12:00 amhttp://www.apbankers.net/article/32832/quiet-strength-standard-life-investments
Event- driven risk remains an issue however; the failed Italian referendum increases uncertainty around Italian reforms and could impact Eurozone confidence going forward.Comment, Analysis & ResearchChina&rsquo;s overseas investment portfolio reaches US$312 billionNews Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32803/chinaamprsquos-overseas-investment-portfolio-reaches-us312-billion
The US remained the top investment destination Comment, Analysis & ResearchWhat&#039;s Behind the Rise of Hongkong&#039;s Boutique Banking Firms?News Aggregation TeamMonday, December 05, 2016 12:00 amhttp://www.apbankers.net/article/32810/whatamp039s-behind-the-rise-of-hongkongamp039s-boutique-banking-firms
From Hong Kong to London, industry superstars disenchanted by red tape and cost-cutting are leaving big name institutions to set up more nimble companies &ndash; and taking their loyal clientele with themComment, Analysis & ResearchHedge funds must keep up with investor demands News Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32784/hedge-funds-must-keep-up-with-investor-demands
The 10th annual survey found growth has slowed for various reasons, including the abundance of low-fee passive investment options, the lacklustre performance of hedge funds and cost concerns.Comment, Analysis & ResearchHong Kong in danger of losing its renowned entrepreneurial spiritNews Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32788/hong-kong-in-danger-of-losing-its-renowned-entrepreneurial-spirit
Hong Kong talks up an impressive public relations about helping start upComment, Analysis & ResearchLack of opportunities in PH real estate hamper foreign capital entryNews Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32789/lack-of-opportunities-in-ph-real-estate-hamper-foreign-capital-entry
Philippines &ldquo;continues to appeal to foreign investors Comment, Analysis & ResearchJust over half of HNWI assets are in discretionary mandatesNews Aggregation TeamSunday, December 04, 2016 12:00 amhttp://www.apbankers.net/article/32794/just-over-half-of-hnwi-assets-are-in-discretionary-mandates
Verdict Financial&rsquo;s research shows that discretionary portfolio managers will experience competition from digital providers, which have traditionally been conceived as appealing mostly to self-directed investors.Comment, Analysis & Research